SIAM Reports 3% Growth in June Passenger Vehicle Sales, 21.3% Rise in Two-Wheelers

In the April-June quarter, the industry saw robust growth, in total, 7,548,668 passenger vehicles, commercial vehicles, three-wheelers, two-wheelers, and quadricycles were sold during this quarter

In June, the combined production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles was 2,336,255 units

Source : PTI

Passenger vehicle sales increased by 3 per cent in June compared to the previous month, according to the latest report from the Society of Indian Automobile Manufacturers (SIAM) on auto sales. The month saw sales of 337,757 units of passenger vehicles, along with 59,544 units of three-wheelers and 1,614,154 units of two-wheelers, marking growth rates of 12.3 per cent and 21.3 per cent, respectively, over the same period.

In June, the combined production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles was 2,336,255 units.

In the April-June quarter, the industry saw robust growth, with sales figures as follows: 1,026,006 passenger vehicles, 224,209 commercial vehicles, 165,081 three-wheelers, and 4,985,631 two-wheelers were sold. In total, 7,548,668 passenger vehicles, commercial vehicles, three-wheelers, two-wheelers, and quadricycles were sold during this quarter.

“All segments viz., passenger vehicle, commercial vehicle, three-wheeler and two-wheelers posted growth in Q1 of 2024-25 over the Q1 of last year. While passenger vehicles and commercial vehicles have witnessed moderate growth, two-wheelers and three-wheelers have posted very handsome growth in double digits. Within two-wheelers, scooters have posted even higher growth based on some green shoots of recovery in entry-level two-wheelers. With a positive outlook on monsoon and the coming festive season, the automotive sector is poised to perform better in the balance part of the year,” said Vinod Aggarwal, President of SIAM.

Rajesh Menon, Director General of SIAM, highlighted that passenger vehicle sales during the first quarter (Q1) achieved their highest-ever figures for this period, surpassing the 1 million units mark for the first time. This milestone represented a 3 per cent increase compared to the same period last year.

Additionally, three-wheeler sales increased by 14.2 per cent in the April-June quarter year-on-year, while two-wheeler sales surged by 20.4 per cent. Sales of commercial vehicles also showed a positive trend, increasing by 3.5 per cent during the same period. SIAM reported an overall growth of 16.4 per cent in auto sales across all segments during the April-June quarter.